CICRA

The Channel Islands Competition and Regulatory Authorities or CICRA is the name given to the combined Jersey Competition Regulatory Authority and the Guernsey Competition and Regulatory Authority. Guernsey and Jersey forming the majority of the Channel Islands.

Formed in December 2010, CICRA is responsible for administering and enforcing the Competition (Jersey) Law 2005 and The Competition (Guernsey) Ordinance, 2012. The purpose of the legislation is to prevent consumers being harmed by anti-competitive or exploitative behaviour in the market.

The decision to form a joint body was taken because of the similarity of needs and the reduction in duplication through economies of scale. Resources available to CICRA are limited.

The areas of responsibility are being developed.

The board comprises a Chairman, 3 executive Directors and 3 non-executive Directors.

There are less than 10 staff spread between two offices in the two islands.

An investigation by CICRA into possible market abuse by a States of Guernsey contract in 2016 has been blocked as the States of Guernsey have refuced to supply CICRA with the necessary funding. The investigation being dropped in January 2017 due to lack of funding.

The ownership of regulated companies by the governments, such as Jersey Post and Guernsey Electricity can produce conflicts.

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